Sustainable Economic Development is a term many recognize and few understand. The simplest and most commonly accepted definition comes from the United Nations World Commission on Environment and Development. In the Bruntland Commission report, sustainable economic development is defined as “[development that]…meets the needs of the present without compromising the ability of future generations to meet their own needs.” In broader terms, sustainable economic development should improve the quality of life of employees and the community, while protecting public health and the environment.
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